finance

HCC closes non-compliant businesses

HARARE City Council (HCC) began an operation yesterday to close businesses that do not comply with its by-laws. This initiative comes as the HCC currently lacks an electronic management system, with property records still being maintained manually on an Excel sheet, as a senior official recently revealed. “On July 28 2025 (yesterday), the City of…

Subscribe to read full article. Subscribe today

Read more

SecZim wary of laundering

THE Securities and Exchange Commission of Zimbabwe (SecZim) is strengthening its supervisory framework for the securities sector in an effort to mitigate financial crimes risks.The commission will achieve this through a risk-based approach to ensure that higher-risk firms receive increased regulatory engagement.The securities sector is made up of different sub sectors which include securities exchanges,…

Subscribe to read full article. Subscribe today

Read more

US$16 billion energy plan unveiled

THE government has unveiled a phased roadmap for energy expansion, focusing on priority projects for the next five years and additional initiatives over the coming decade.By 2035, Zimbabwe aims to establish a £12,7 billion ($16 billion) renewable energy sector.Permanent Secretary in the Ministry of Energy, Gloria Magombo, said the government will achieve this goal through…

Subscribe to read full article. Subscribe today

Read more

Vaka Yako lifts Fidelity Life

FIDELITY Life Assurance (FLA) has reported significant growth in Gross Written Premiums for the year ending 31 December 2024, thanks to its investment product, Vaka Yako.The property investment product contributed 85 percent of total premium inflows, substantially boosting the group’s profitability.“Zimbabwe’s housing shortage presents a compelling investment opportunity for private sector players to tap into…

Subscribe to read full article. Subscribe today

Read more

Zinara supports local authorities

THE Zimbabwe National Road Authority (Zinara) has announced a comprehensive capacity-building initiative aimed at enhancing the efficiency of road management by local road authorities.Building on strengthened funding mechanisms and administrative improvements, the country is witnessing substantial progress in the development of a critical road network which is essential for unlocking economic potential and supporting broader…

Subscribe to read full article. Subscribe today

Read more

Stay the course on economic stability: Delta

DELTA Corporation, the country’s largest beverage manufacturing firm, has implored authorities maintain the current economic stability and find non-inflationary ways of improving liquidity. In a trade update on Friday, the company secretary, Faith Musinga, said that they were encouraged by the macroeconomic stability prevailing in Zimbabwe in the current year, particularly the stable exchange rate…

Subscribe to read full article. Subscribe today

Read more

Zesa appoints new executive

ZESA has appointed Albert Joel Nduna, the board’s vice chairman, as the interim board chairman following the passing on of executive chairman Sydney Gata. This comes as Zesa is being rebundled by Mutapa Investment Fund under a process that will result in the abolishment of executive chairman’s post to pave way for the appointment of…

Subscribe to read full article. Subscribe today

Read more

‘IDCZ should spearhead industrial funding’

THE Industrial Development Corporation of Zimbabwe (IDCZ) should be capacitated by the government to finance transformative projects, Special Advisor to the President, Joram Gumbo has said. Gumbo, who is responsible for monitoring and implementation of government programmes, said if IDCZ’s funding capacity is enhanced, it will accelerate growth in strategic manufacturing sectors as part of…

Subscribe to read full article. Subscribe today

Read more

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More